maverick2011 wrote:
I have always been under the impression that the vast majority of people with prior banking experience (former analysts) want nothing to do with going back as associates. Therefore, most people going into IB post-MBA were career changers. Are you guys just saying that those people are sticking with it just because they are too scared to make a change now?
Also, I think you have covered the IB situation pretty well now. What did consulting recruiting look like? My guess would be recruiting numbers were flat to slightly down with a lot more people trying to get those spots (more competition). Is this accurate?
I think with the IBing jobs were so few this year that the small percentage of people who want to return are the ones getting multiple offers and lots of career switchers...even ones with amazing profiles are striking out.
Here at Kellogg its hard to say how numbers will be MC internships. People are pretty quiet about their success so they dont upset classmates, they definitely do post offers in front of our career management center like at some schools which is definitely appreciated by most people here. I think that the number of people chasing MC here did not change drastically, it was up but I think that the people who originally planned on doing IB ended up spreading themselves out. I know people who decided to go into very different things like marketing, GM, high tech, and a bunch to corporate finance.
As for the overall success, I know a lot of people who have gotten MC offers. Overall it probably wont be as strong as a few years ago but I think the turn around on any downswing in MC will be much faster than IBing.
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